Cash, Check, or Credit for Now, But Future Payments Are Going Mobile

摘要

Cash has officially been dethroned as a popular payment option in the HVAC industry. Credit card payments have slowly been increasing in the U.S., according to the Federal Reserve Payments Study 2017 Annual Supplement. Per the report, total card payments grew from 103.5 billion, with a value of $5.65 trillion in 2015， to 111.1 billion, with a value of $5.98 trillion in 2016. Total card payments increased at an annual rate of 7.4 percent by number and 5.8 percent by value from 2015 to 2016.